The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a component of the Russell 3000 index. The share issue is characterized as a ‘follow on equity offering.’

The company this week announced that it would sell 6.675 million new A ordinary shares, while existing shareholders would sell 325,000, for a minimum total of 7 million shares. Yesterday the company set the price at $14.5 per share for a total offering of $101.5 million, and new capital for the company of $96.5.

In the event that the issue is heavily subscribed, both Eros and the existing shareholders may sell a combined total of 1.05 million additional A ordinary shares.

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HONG KONG — Eros International, the largest overseas distributor of Indian films, is to raise upwards of $96 million from the sale of shares on the New York Stock Exchange. The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a […]

HONG KONG — Eros International, the largest overseas distributor of Indian films, is to raise upwards of $96 million from the sale of shares on the New York Stock Exchange. The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a […]

HONG KONG — Eros International, the largest overseas distributor of Indian films, is to raise upwards of $96 million from the sale of shares on the New York Stock Exchange. The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a […]

HONG KONG — Eros International, the largest overseas distributor of Indian films, is to raise upwards of $96 million from the sale of shares on the New York Stock Exchange. The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a […]

HONG KONG — Eros International, the largest overseas distributor of Indian films, is to raise upwards of $96 million from the sale of shares on the New York Stock Exchange. The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a […]

HONG KONG — Eros International, the largest overseas distributor of Indian films, is to raise upwards of $96 million from the sale of shares on the New York Stock Exchange. The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a […]

HONG KONG — Eros International, the largest overseas distributor of Indian films, is to raise upwards of $96 million from the sale of shares on the New York Stock Exchange. The company transferred its listing from London’s second tier Alternative Investment Market to the main board of the NYSE earlier and the shares are a […]